The Japanese automaker said it aims to install its TransLog driving recorder devices into Grab's fleet of lease cars to access the data on driving patterns that will be crucial to its push into the nascent mobility-as-a-service industry.

India accounts for more than 10% of Uber rides globally and the US company has a more than 35% share of the taxi market here, according to Counterpoint Research, but it is yet to make money in the country.

In fact, segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp have reported de-growth of 34.3 per cent, 45 per cent and 20 per cent, respectively giving a clear indication of a prolonged slowdown in the sector.